SoFi

While college is a good option for many people, it isn’t for everyone — and not going to a four year college doesn’t mean you can’t have a meaningful career.

More people than ever before have a college degree, but a four-year program isn’t the only way to be successful. Even employers are realizing that there are many skills that can’t be captured in a degree program. In fact, some major tech companies, including Google and Apple, no longer require applicants to have a four-year degree for some of their positions.

There are certain jobs for which you need a college degree, like an electrical engineer, marketing manager, or teacher, but there are plenty of careers out there that don’t require additional degrees.

Reasons You Should Not Go To College

There are a number of valid reasons to delay college — or put it off entirely. Here are some to consider:

•   You’re not excited about your options. Maybe you didn’t get into the schools you expected to or you’re having second thoughts when you try to imagine yourself attending the schools you did get into. If the thought of college fills you with dread or doubt rather than excitement, taking a year off to reassess your options can be a good strategy.

•   You’re unsure what career you are interested in pursuing. You may want to explore different options by being exposed to college-level courses at a community college, or spend time volunteering, working, or traveling.

•   You’re already working. If you already have a job, you may be wanting to lean into your current job or save money to go to school in a few years.

•   You’re exploring non-degree avenues. There are many high-paying trades that don’t require a degree but may require on-the-job experience or an apprenticeship.

•   You have a plan for a gap year. Some people like to take a year to travel, work, or otherwise take a break in between high school and college to further explore their identity and what they want to do in the future.

•   You feel you’re going to college only to please your family. If you feel pressured to go to college, it may be a sign that college isn’t the right option for you, at least right now.

•   You have essential family obligations. Some students need to help their families and may not be able to take time off to go to school. These students may consider community college or a part-time degree program. Speaking with your current high school counselor may help you find ways to juggle multiple responsibilities.

•   You want to take time to pursue a talent. From sports to the performing arts to a creative path, some people choose to explore a talent more seriously, focusing time, energy, and resources prior to going to college. This can be a decision you make with the help of your family and any coaches or teachers.

Reasons You Should Go To College

College can be a great time to grow and learn and, for some, it’s a natural step. Here are some other reasons why college may make sense:

•   You’re excited and realistic about college. You recognize college may have ups and downs but feel confident that college feels “right” as your next step — not just something your family or teachers expect from you.

•   A college degree will help you achieve your career goals. You’ve done your research and/or talked with alums and people working in your targeted field and feel confident that college makes sense for your career goals.

•   College fits into your overall financial plan. You have a sense of how much college will cost and a plan for how you will pay for it, which might include a combination of financial aid, savings, and federal or private student loans. You also want to make sure you will be able to manage any student loan payments after you graduate.

•   You have a ‘Plan B’ in case you realize that college isn’t the right fit. Sometimes people realize one semester into school that college may not be what they need at that moment in their lives. It can be helpful to talk about what this may be, so that you don’t feel trapped if school doesn’t feel like it’s a good fit.

Source: National Center for Education Statistics

Alternatives to a College Degree

Just because you aren’t interested in a four-year degree doesn’t mean you need to forgo higher education entirely. Alternative educational models, like trade schools and community colleges, offer many practical certification and two-year associate degree programs that can help you get ahead.

It is important to know that even if you’re not planning to pursue a four-year degree, you still have options when it comes to creating a career that is right for you.


💡 Quick Tip: You’ll make no payments on some private student loans for six months after graduation.

Trade School

Sometimes known as technical or vocational schools, trade schools can prepare you for a specific job, such as a dental hygienist, electrician, cosmetologist, or web developer. These programs are normally much shorter than four years, and certain programs may allow you to finish in only a few months. There are both public and private trade schools.

Trade schools don’t award bachelor’s degrees. Instead, when you graduate from a trade school, you typically receive a diploma or certificate indicating that you are trained and certified to perform a specific job. Some trade school programs do offer associate degrees, which are the same type of degrees offered by many community colleges.

Recommended: How to Know if Trade School is Right for You

Community College

As mentioned above, community colleges usually offer two-year degrees called associate degrees. These degrees can either stand alone or be a stepping stone to obtaining a bachelor’s degree at a four-year school.

Indeed, many community colleges offer career preparation programs that are designed to help students jump into the workforce without the need for a bachelor’s degree.

Community college could also be a great way to test out college life and see if you want to continue pursuing higher education. They tend to be much less expensive than four-year universities, which means it won’t cost you an arm and a leg before you decide if higher education is right for you.

Apprenticeships

Apprenticeships are paid positions designed to teach the apprentice about a specific job or industry. They can help you learn how to use industry-specific tools and technologies and help you develop your skills over a period of time. This may be in fields as diverse as plumbing to transportation engineering to baking.

Apprenticeships can be a win-win for employers and employees because they allow those starting out to begin working (and earning a paycheck) immediately, and they help employers fill vacant jobs.

Recommended: A Complete Guide to Apprenticeships

Certificate Programs

Similar and sometimes overlapping with trade schools, certificate programs offer specialized training in a specific area. This may include coding, cybersecurity, yoga, fitness, getting a commercial driver’s license (CDL) or other areas where specialized knowledge may be a prerequisite. These certificates may also be helpful in making job seekers eligible for positions with higher starting salaries.

Recommended: Are Coding Bootcamps Worth the Money?

Taking a Gap Year

A gap year is when a student takes a year off between high school and college. Some colleges allow accepted students to defer for a year, holding a place for them in the next year’s incoming class. Some people create a travel itinerary, others may work or volunteer for the year. There are some gap year programs that create opportunities for students, but keep in mind that some programs may be costly.

Starting a Business

If you are already passionate about — and have a lot of knowledge about — a specific field or industry, you might consider skipping college altogether and jumping into that business.

Starting your own business takes a lot of hard work, but it could mean that you get to be your own boss and work in an industry you love. And because you could quickly become an expert on the products or services you provide, you aren’t necessarily at a disadvantage because you lack a degree.

If You Do Go the College Route

There are plenty of options if you choose not to attend a four-year college. However, there are also options within the world of college, including the type of college you choose, the major you decide to pursue, and how you pay for college.

There’s no denying that college can be expensive. In the 2022-2023 school year, the average cost for tuition and fees at an in-state college was $10,423, while the average sticker price for a private college was $39,723. And, these numbers don’t include room and board. This can be a big financial commitment, especially if you are on the fence about pursuing higher education.

That’s why it can be a good idea to begin creating a payment strategy early. A great first step is to fill out the Free Application for Federal Student Aid (FAFSA) to see how much federal aid — including scholarships, grants, work-study, and federal student loans — you qualify for.

Federal student loans do have limits on how much a student can borrow each year they are enrolled in school. Some students may need additional funds to bridge the gap. In that case, some may consider borrowing a student loan from a private lender, such as a bank or credit union, to help cover college costs.

In general, it can be a smart idea to tap all your federal loan and grant options before you consider private student loans. That’s because federal loans offer some protections, such as deferment options, that private loans may not. However, private loans can cover up to 100% of the cost of attendance, including money to pay for books, room and board, and personal expenses.


💡 Quick Tip: Parents and sponsors with strong credit and income may find much lower rates on no-fee private parent student loans than federal parent PLUS loans. Federal PLUS loans also come with an origination fee.

The Takeaway

College can lead students on a new career path, but depending on your goals and other factors, may not be necessary. Some students may choose to pursue a trade or vocational program instead of a four-year degree, while others may simply want to wait a year or so to earn and save more money to cover the cost of going to college.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student Loans are not a substitute for federal loans, grants, and work-study programs. You should exhaust all your federal student aid options before you consider any private loans, including ours. Read our FAQs. SoFi Private Student Loans are subject to program terms and restrictions, and applicants must meet SoFi’s eligibility and underwriting requirements. See SoFi.com/eligibility-criteria for more information. To view payment examples, click here. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

SOIS0923012

If you dream about spending your days creating beautiful looks with your favorite beauty products, then becoming a professional makeup artist may be a good career to pursue.

But just how much money does a makeup artist make? Unlike some other creative fields, this profession can be lucrative. According to the U.S. Bureau of Labor Statistics (BLS), the median annual salary for a makeup artist is $134,750.

Keep reading for more insight into makeup artist earnings, how salaries vary by state, and what this job entails.

What Is a Makeup Artist?

A makeup artist is a skilled professional responsible for applying cosmetics and beautifying an individual’s appearance for various purposes. They use their expertise to enhance facial features, create desired looks, and achieve specific artistic visions. Makeup artists work across various industries, including fashion, film, television, theater, special effects, weddings, and events. In addition to traditional makeup applications, some makeup artists specialize in special effects makeup, enabling them to create realistic wounds or fantastical characters for films or theater productions.

Personality plays a big role in whether or not someone will enjoy being a makeup artist. A job as a makeup artist can be suitable for introverts, as it allows them to work in a more controlled and focused environment with clients one on one. However, working in certain settings, such as movie sets or high-profile events, may be a better fit for extroverts.

Recommended: 15 Entry-Level Jobs for Antisocial People

How Much Is a Makeup Artist’s Starting Salary?

How much does a professional makeup artist make when they first begin their career? Like anyone embarking on a new career path, makeup artists tend to earn less when they’re just starting out. According to the latest BLS data, the lowest 10 percent of earners in the makeup artist field earn a median salary of $38,070. However, as artists gain more experience and exposure, they have the potential to earn much more than that entry-level salary.


💡 Quick Tip: When you have questions about what you can and can’t afford, a spending tracker app can show you the answer. With no guilt trip or hourly fee.

What Is the Average Salary for a Makeup Artist?

Makeup artistry is a type of trade job that has the potential to earn a lot of money. Let’s take a closer look at the average salary for a makeup artist.

•   How much does a makeup artist make a year? The median annual salary for a makeup artist is $134,750.

•   How much does a makeup artist make per hour? When it comes to hourly pay, makeup artists earn a median of $64.78

Where someone lives can play a major role in how much they earn as a makeup artist. Because the cost of living varies so much by state, salaries can vary a lot, too. While the BLS has limited data collected on how much makeup artists earn in different states, the information it does have makes it clear how much salaries can vary.

For example, in Nevada, the median annual salary for a makeup artist is $30,760, whereas in New York it is $125,000. Alongside cost of living factors, there may be more job opportunities for makeup artists in some states. New York City is a major fashion and entertainment hub that likely has a high demand for makeup artists, which can lead to more competitive pay rates.

Recommended: The Highest-Paying Jobs in Every State

Makeup Artist Benefits & Job Considerations

While makeup artists have the potential to earn a six-figure salary, the biggest downside of this job is that it is not common to earn benefits like health insurance or to have access to a 401(k). This is because most makeup artists are self-employed and are responsible for securing and paying for any traditional employee benefits they desire.

Pros and Cons of Makeup Artist Salary

Like all jobs, working as a makeup artist comes with a unique set of pros and cons to consider before pursuing this career path.

Pros

•   Creative opportunities: Makeup artists have the freedom to express their creativity by creating unique looks for their clients, whether it’s for a photo shoot, movie, or special event.

•   Interesting workdays: The profession offers a diverse range of opportunities, from working on movie sets to collaborating with cosmetic retailers.

•   No formal education required: Unlike many other careers, becoming a makeup artist doesn’t demand a college degree.

Cons

•   Restricted earning potential: The industry’s salary standards may limit the earning potential of makeup artists, with only a few able to negotiate higher pay. What’s more, self-employed artists may not always receive consistent income or benefits.

•   Geographic limitations: Makeup artists may need to relocate to major cities like Los Angeles, New York, Chicago, or Las Vegas to find steady work, and they may also have to travel with clients for various projects.

•   Irregular work schedule: Makeup artists often have to adapt to erratic work hours, including weekends, holidays, and long periods of uncertainty between gigs. Maintaining a stable work-life balance could be a challenge.


💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

The Takeaway

Makeup artistry can be a rewarding career — and potentially lucrative. How much money does a makeup artist make a year? The median annual salary for a makeup artist is $134,750. While the work can be creative and glamorous, it also lacks a traditional work schedule. Plus, most makeup artists have to foot the bill for their own employee benefits. Those considering a career in this industry need to carefully consider if the advantages of this role (like a high median salary) outweigh the disadvantages.

FAQ

Can you make good money doing makeup?

If someone is asking, how much does a makeup artist make in a year, they’ll probably like the answer. The median annual salary for a makeup artist is $134,750, so yes, it is possible to make good money doing makeup. However, some states, like New York, have much more lucrative job opportunities than other states.

Can you make six figures as a makeup artist?

Yes, it is possible to make six figures as a makeup artist. The median annual salary for makeup artists nationwide is $134,750, according to the latest BLS data. However, where they live plays a major role in how likely they are to earn a $100,000 salary as a makeup artist.

How much profit does a makeup artist get?

The profit a makeup artist receives varies greatly depending on their employment status and the specific makeup services they offer. Self-employed makeup artists have the potential to earn the full profit after deducting operating costs, while those working for cosmetic retailers or salons may receive a fixed salary or commission-based earnings. Factors such as location, experience, clientele, and demand for their services can also impact overall profit.

Photo credit: iStock/anatoliy_gleb

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SORL0723007

Bank tellers are the face of local bank branches. When you visit a bank in person, tellers welcome you in with a smile and help you with your transaction — whether you’re depositing a check or withdrawing cash from your savings account.

What are the job responsibilities like, and how much does a bank teller make an hour? Our in-depth guide to bank teller salaries and skills will help you determine if it’s the right career for you.

What Does a Bank Teller Do?

A bank teller’s job is to help customers complete financial transactions with their bank accounts. Tellers work in person at bank branches and can help with things like opening and closing accounts, and depositing and withdrawing funds.


💡 Quick Tip: When you have questions about what you can and can’t afford, a spending tracker app can show you the answer. With no guilt trip or hourly fee.

Bank Teller Job Responsibility Examples

What might a bank teller do in their day-to-day? Here are a few examples:

•   Greet customers as they enter the bank or credit union

•   Complete transactions through the bank drive-through

•   Help customers open a new checking or savings account

•   Answer calls and emails to offer customer service

•   Prepare money orders, savings bonds, and traveler’s checks for customers

•   Record transactions throughout their shift

•   Count the cash in their drawers at the beginning and end of a shift

•   Explain the various financial products offered by the bank

Bank Teller Skills

Here are some of the skills you’ll need to be a successful bank teller:

•   Positive attitude

•   Patience

•   Customer service

•   Clear communication

•   Math and money management

•   Sales

•   Technology

•   Willingness to learn

How Much Do Starting Bank Tellers Make?

The Bureau of Labor Statistics (BLS) reports that the average hourly wage for a bank teller is $17.69, but those just starting out should expect to make less. According to Indeed, bank tellers with less than a year of experience make $15.89 an hour on average, but that varies by location.

What Is the Average Salary for a Bank Teller?

The average salary for a bank teller is $36,800, but this varies by level of experience and by location. For instance, the BLS breaks down mean bank teller salaries by state:

•   How much does a bank teller make in California? $42,120 a year

•   How much does a bank teller make in Texas? $33,820 a year

•   How much does a bank teller make in Florida? $37,920 a year

Bank tellers earn the highest average annual salary in Washington state ($43,500) and the lowest average annual salary in West Virginia ($29,600). Check out the table below for insight into how much bank tellers make a year, or switch gears and research the highest paying jobs by state.

💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

Pros and Cons of a Bank Teller Salary

A job as a bank teller has some pros, but there are a number of cons, like a low salary, to consider:

Pros

•   Career growth: The average hourly rate of a bank teller may not be as competitive as other entry-level salaries, but there’s plenty of room for advancement as a bank teller. Some tellers move up to head teller positions. Others move on to supervisory positions, become loan officers, or transition to sales.

•   Benefits: Although employees may not earn super competitive pay, bank tellers who work full-time can enjoy nice benefits from the bank, including health care, retirement plans, and paid time off.

•   Regular schedule: Many entry-level jobs, as in retail and restaurants, have unpredictable hours. Banks operate under normal business hours and are closed on Sundays (and bank holidays!). That means you’ll enjoy a more consistent schedule as a bank teller.

Recommended: Should We Raise the Minimum Wage?

Cons

•   Salary: While bank tellers can make good money — the top 10% make an average of $46,350 — the overall average falls below what the typical person with a high school diploma makes in a year in the U.S. Here are some of the best jobs without a college degree.

•   Job outlook: The BLS is predicting a 12% decline in job opportunities from 2021 to 2023. As more financial institutions switch to predominantly online banking experiences and shut down branches, job insecurity for bank tellers could be further undermined.

•   Draining job: Bank tellers must deliver an excellent customer experience every day. When customers are dealing with finances, it’s easy for them to become frustrated or upset — which can be draining for bank tellers who are trying to help. To be clear, this is not a job for antisocial people!

Recommended: What Trade Job Pays the Most Money?

The Takeaway

Bank tellers can make decent money, though there may be other jobs that require the same level of experience and education but pay more. However, hard-working bank tellers can often move up within the company and command better salaries.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

FAQ

Which bank pays the most for tellers?

According to data from Indeed, the financial institutions that pay the most for tellers include Bank of America, Logix Federal Credit Union, Avadian Credit Union, Investors Bank, and Chase.

What is the highest teller salary?

The top 10% highest paid bank tellers make an average annual salary of $46,350 — that’s $22.29 an hour. Bank tellers in Washington state, California, and Connecticut are the highest paid, on average.

Is it hard to be hired as a bank teller?

Because of the rise in online banking, it’s becoming more challenging to be hired as a bank teller. In fact, the Bureau of Labor Statistics predicts that bank teller employment will decline 12% between 2021 and 2031.

That said, you don’t need a college degree to become a teller, and training is all on the job. This makes breaking into the career field easier for those without a secondary or vocational education.

Photo credit: iStock/Fly View Productions

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

SORL0523005

The average salary for a construction worker in 2022 was $46,350, or $22.29 per hour. Construction workers are a crucial part of the labor force across the country, and the industry is expected to grow through the end of the decade. Without a formal education requirement, construction work can be a viable option for anyone uninterested in getting a college degree right after high school.

That said, construction labor can be grueling. The job is physically demanding and at times dangerous. You’ll need to consider your physical limitations before pursuing a career in construction work.

Knowing what your income will look like may be the most important consideration of all. We’ll break down the average construction worker starting salary, as well as their typical responsibilities and required skills, below.

What Do Construction Workers Do?

Construction crews work on building sites for new homes, multi-family units, commercial buildings, roads, and bridges. Following detailed plans, construction workers are responsible for taking apart old structures and erecting new ones.

Depending on the job site, construction workers may operate heavy machinery, use hand tools, and perform plumbing and electrical tasks.

Construction work requires significant strength, endurance, and tolerance for extreme temperatures. The industry also has one of the highest rates of injuries on the job, so construction laborers must be familiar with safety protocols.


💡 Quick Tip: When you have questions about what you can and can’t afford, a spending tracker app can show you the answer. With no guilt trip or hourly fee.

Construction Worker Job Responsibility Examples

What kinds of things might you be responsible for as a construction worker on a job site? Here are some examples:

•   Removing debris

•   Loading and unloading materials

•   Assembling bracing, scaffolding, and other temporary structures to help with the construction

•   Operating heavy machinery and using hand tools when building and taking apart structures

•   Digging trenches, compacting earth, and backfilling holes

•   Directing traffic

•   Driving work trucks (may require a CDL, or commercial drivers license)

•   Measuring and cutting materials

•   Conducting minor plumbing, electrical, and carpentry work

Construction Worker Skills

Though you don’t need a secondary education to be a construction worker, you’ll need to learn specific skills. You might learn some of these on the job:

•   Ability to use tools and operate machinery

•   Plumbing, electrical, carpentry, masonry, concrete, roofing, drywall, and/or demolition know-how

•   Knowledge of various safety protocols

•   Basic math and measurement

•   Hand-eye coordination

•   Physical strength and energy

In addition, construction workers must be able to problem-solve on the fly and must embrace teamwork. This is not a job for introverts!

How Much Do Starting Construction Workers Make?

Construction worker entry-level salaries vary by state, but you can expect pay to be on the lower end when just starting out. The bottom 10% of earners in the industry bring home about $29,700 per year.

If you’re entering the construction industry with a degree, you will likely make more starting out. With an education, you might go straight into construction management. The bottom 10% of construction managers earn $62,210 a year. The average annual salary is $112,790.

Recommended: Is $100,000 a Good Salary?

What Is the Average Salary for a Construction Worker?

The average salary for a construction worker in 2022 was $46,350, but rates vary significantly across the country. The average hourly rate for a construction worker is $22.29 per hour. Total income is about the same whether you get a salary vs. hourly pay.

As you’d expect, areas with a higher cost of living (think California, New York, and Hawaii) generally have more competitive pay than areas with a lower cost of living (states like Alabama, Mississippi, and Arkansas).

How much do construction workers make in California? $56,210, on average. In New York, the mean salary is even higher, at $59,280 a year. But it’s Hawaii where construction workers make the most money on average: $66,650.

Check out the following table for additional state insights:

💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

Pros and Cons of Construction Worker Salary

Being a construction worker has some advantages, but there are also drawbacks to consider:

Pros

•   Higher than average salary: The average salary for someone without a college degree is just over $37,000. Construction workers earn more than $9,000 a year over that, without any formal education — and without any student loan debt.

•   Job growth: The job market is projected to grow by 4% from 2021 to 2031, meaning there should be ample opportunities available.

•   Flexibility: Construction jobs are available across the country. If you want to relocate somewhere else, you shouldn’t have trouble finding a job.

Recommended: Should We Raise the Minimum Wage?

Cons

•   Difficult work: Construction labor can be physically demanding. It may lead to injury and illness, and you can leave job sites tired and sore each day.

•   Less money: Construction workers make significantly less money than construction managers. If you’re able to get a bachelor’s degree in construction management, you may earn more money over your lifetime.

•   Long-term career options: As you age, you may become less equipped to keep up with the physical demands of the job. This could force an early retirement, right when you should be in your earning prime. You may instead need to look for a work-from-home job for retirees to ensure you have enough income until you’re eligible for Social Security benefits and other retirement income.

The Takeaway

Construction workers can make decent money over the course of their careers, and you won’t have to take out a student loan to get a degree to land a job. However, the work can be exhausting and lead to injury. Weigh all the pros and cons carefully before starting a career as a construction worker.

FAQ

How much do most construction workers make?

How much money a construction worker makes depends on where they live and their level of experience. However, the average construction laborer brings in $46,350 a year.

Who is the highest paid construction worker?

Hawaii has the highest paid construction workers, with an average salary of $66,650. However, the top 10% of construction workers in New Jersey outpace the earnings of the top 10% in Hawaii, bringing home $101,360 a year. Across the country, the top 10% highest paid construction workers average an annual salary of $72,430.

What job pays the best in construction?

Pipeline transportation of natural gas is the highest paying job in construction, with laborers earning $81,670 a year on average. Other high-paying construction jobs include electric power generation, transmission, and distribution; construction support services; construction work for medical and surgical hospitals; and rail transport construction.

Photo credit: iStock/damircudic

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SORL0523004

Being a train conductor allows you to take people and essential goods where they need to go, see the country, and get paid while doing it. In fact, a competitive salary is often one of the big draws of the field. But just how much does a train conductor make? According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for a train conductor is $68,180.

If that salary sounds appealing, keep reading to learn what train conductors do, how much they stand to make in different states, and the pros and cons of the job.

What Is a Train Conductor?

If you’ve ever dreamed of yelling “all aboard” and taking the wheel of a train, then you may find satisfaction as a train conductor. This type of trade job is responsible for organizing and overseeing various activities within a railroad yard, industrial plant, or similar locations. They play a vital role in coordinating the actions of the train crew, whether on passenger trains or freight trains. Additionally, yardmasters take charge of reviewing train schedules and switching orders while ensuring smooth coordination among workers involved in railroad traffic operations, including train assembly, disassembly, and yard switching tasks.

Working as a train conductor can be stressful and requires attention to detail. However, introverts may find that they love this job as it requires minimum interactions with other people.

Recommended: 15 Entry-Level Jobs for Antisocial People

How Much Is a Train Conductor’s Starting Salary?

How much money does a train conductor make? According to the latest BLS data, annual salaries range from a low of $49,680, which is most likely what entry-level conductors earn, all the way up to $88,230 or more. As workers gain more years of experience, they can expect to see their salary increase. At the very least, they should always expect to make the minimum wage in their state.


💡 Quick Tip: Online tools make tracking your spending a breeze: You can easily set up budgets, then get instant updates on your progress, spot upcoming bills, analyze your spending habits, and more.

What Is the Average Salary for a Train Conductor?

While most people don’t focus their job search on trying to find the highest-paying job in their state, it’s a good idea to do salary research before pursuing a new career path.

So how much does a train conductor make per hour? Typically, train conductors earn a median hourly wage of $32.78, but that rate differs by state. Take a look at the following table to get an idea of what train conductors can earn in different states.

Recommended: Is a $100,000 Salary Good?

Train Conductor Benefits & Job Considerations

Most train conductors work full time and are eligible for employer benefits on top of their salary. Benefits like health insurance and paid time off can be valuable and increase the overall value of a compensation package.

Savvy employers know that alongside offering a competitive salary, a robust benefits package can attract and retain top talent. Common employee benefits that train conductors may expect to see include:

•   Health insurance

•   Dental insurance

•   Vision insurance

•   Flexible spending account

•   Paid time off

•   Employee assistance program

•   Life and disability insurance

•   Retirement savings plan

Pros and Cons of Train Conductor Salary

Like any job, working as a train conductor comes with a unique set of advantages and disadvantages that are worth being aware of.

Pros

•   Minimal educational requirements, making it accessible to a broader range of individuals

•   Job training is provided by employers, allowing for on-the-job skill development

•   Regular rest hours are enforced, ensuring a reasonable work-life balance

Cons

•   Federal licensure requirements add an additional step to the process

•   The job can be physically demanding, especially in challenging weather conditions

•   Work weeks may extend beyond the standard 40 hours, leading to potential overtime hours

•   Irregular scheduling is common, which can make it challenging to maintain a consistent routine

💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

The Takeaway

Considering a job as a train conductor? Though rewarding, this line of work is also high stakes, and anyone considering this career path needs to be prepared to take the responsibility seriously. It’s also important to understand what the position typically pays and what your earning potential could be. The median annual salary train conductors earn is $68,180, but train conductors with many years of experience can expect to earn more than this.

FAQ

What is the highest paying railroad job?

If someone is looking to make the most money possible as a train conductor, they may want to consider working for their state government. According to BLS data, train conductors who work for state governments earn a median salary of just over $100,000 per year.

Do train conductors make six figures?

How much does a train conductor make per year, and can they earn a six-figure salary? The good news is that it is possible to earn six figures as a train conductor. While the average train conductor earns a median salary of $68,180, train conductors employed by state governments earn a median of $100,770 each year.

What is the average age for a train conductor?

Many people find fulfilling careers as train conductors at all different ages. That said, the average age for a train conductor is 41.

Photo credit: iStock/Laser1987

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SORL0723006